Chewy, Inc. (CHWY): A Bull Case Theory

We came across a bullish thesis on Chewy, Inc. on Stock Region Research’s Substack by Stock Region. In this article, we will summarize the bull’s thesis on CHWY. Chewy, Inc.’s share was trading at $42.63 as of June 25^th. CHWY’s trailing and forward P/E ratios were 46.85 and 36.50, respectively, according to Yahoo Finance.

Chewy (CHWY) continues to impress investors with its consistent performance, reinforcing its reputation as a dependable growth story in the pet e-commerce space. For fiscal Q1 2025, the company delivered earnings of $0.35 per share, surpassing expectations, alongside revenue of $3.12 billion. Notably, Chewy’s active customer base rose for the second consecutive quarter to 20.76 million, highlighting sustained consumer loyalty and the appeal of its autoship subscription model.

This steady uptick in users underlines the brand’s relevance and stickiness, even in a competitive environment. Investor sentiment remains upbeat, bolstered by a recent stock offering priced at $41.95 per share—an indicator of strong institutional interest and market confidence. Despite short-term fluctuations in share price, the stock retains robust technical strength, as reflected in its stellar 98/99 IBD Composite Rating.

Analysts and traders are eyeing key technical levels above $42.88 and below $42.40 as short-term indicators. While some skepticism persists in the broader market, the growth in customer count and reliable financial performance suggests resilience and underlying momentum. Chewy’s dependable fundamentals, along with its emotional appeal to pet lovers, position it as both a rational and sentimental investment choice.

As the pet economy continues to expand and more consumers turn to online platforms for recurring purchases, Chewy stands out with a business model designed for retention and scale. With a strong base, loyal customer growth, and visible investor appetite, the company appears well-poised for continued upside, making it a compelling opportunity for both retail and institutional investors.

Previously, we covered a bullish thesis on Coupang, Inc. by GabGrowth in June 2025, which highlighted the company’s diversified ecosystem and global expansion strategy. The company’s stock price has appreciated by approximately 1.3% since our coverage. This is because the thesis is still playing out. Stock Region shares a similar perspective but emphasizes Chewy’s strong customer retention and steady e-commerce performance.

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Disclosure: None. This article was originally published at Insider Monkey.